As a Franchise Attorney I can only add the following. It depends on how the transaction is structured. It can be a sale of assets or a transfer of stock. Each requires different provisions and documents. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
As a Franchise Attorney I can only add the following. It depends on how the transaction is structured. It can be a sale of assets or a transfer of stock. Each requires different provisions and documents. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
